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East Hampton

Eden Sivan Of Asset Based Lending Closes $2,200,000 Construction Loan In East Hampton
FINANCEDSingle Family Residence

Eden Sivan Of Asset Based Lending Closes $2,200,000 Construction Loan In East Hampton

$2,200,000

Building Size

Asset Type

Single Family Residence

Closing

Jul 29, 2026

AI

A luxury single-family home is located in East Hampton, NY. The property is involved in a ground-up construction project and is part of a strategic below-market acquisition aimed at creating value through its development.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $2,200,000
  • Lender: Eden Sivan - Asset Based Lending
  • Loan Type: Construction
  • Loan Terms: 18-Months Ground Up Construction Loan

Eden Sivan, representing Asset Based Lending, facilitated the construction financing for the project. The lender's expertise in in-house underwriting and streamlined closing processes allowed for decisive action on valuable construction opportunities. This transaction illustrates ABL's commitment to expanding its construction financing capabilities across Long Island.

Players

Asset Based Lending
Asset Based LendingLender

Eden Sivan

Originator

$2.1M

vol

2 deals

Originator

Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93